How do I do crypto accounting on Hemi?

Ingest on-chain transactions, classify with rules, reconcile historical balances, value positions at period end, and export summarized journals to your ERP, with clear treatments for DeFi, swaps, and gas fees.

Does Tulo support DeFi on Hemi?

Yes, major DeFi patterns are supported. Transactions and balances are normalized for reporting and audit.

Can I sync Hemi activity to my ERP?

Yes. Post-reviewed journals can be exported with entity and account dimensions for ERP posting and reconciliation.

Crypto accounting on Hemi | Tulo

Hemi is a Bitcoin Layer 2 solution that brings programmability to Bitcoin through EVM compatibility while maintaining Bitcoin's security. It enables Bitcoin to be used in smart contracts and DeFi applications without requiring bridges or wrapped tokens. Hemi uses innovative cryptographic techniques to create a trustless connection between Bitcoin and Ethereum-style applications. The platform aims to unlock Bitcoin's vast liquidity for programmable use cases.

What does crypto accounting on Hemi involve?

Ingesting on-chain transactions into a human-readable general ledger.
Tracking historical token balances and cost basis for realized/unrealized gains.
Classifying DeFi (swaps, LP, staking, bridges) with clear audit trails.
Mapping activity to a chart of accounts for financial statements.

Recommended workflow for finance teams

Connect wallets, custodians, and contracts relevant to Hemi.
Auto-tag common patterns (transfers, swaps, fees) using rules.
Reconcile balances across custody sources and on-chain snapshots.
Review exceptions, assign accounts/entities, and export to ERP.

Common accounting treatments on Hemi

Gas fees: typically expensed; capitalize when attributable to asset acquisition.
Swaps: disposal + acquisition with fair value at execution.
Staking rewards: recognize income upon receipt; track tax lots for disposals.
LP positions: record deposits/withdrawals; value positions to capture P/L.

ERP integration

Export summarized journals to your ERP with entity, account, class, and memo dimensions. Keep IDs consistent across environments to support automated, repeatable syncs.